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Thread: Price reversal points

  1. #71
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    Hey_ Kolapo

    I just located all my Michael J. Parsons ebooks and videos thanks to your thread :0) (Also found my Bryce Gilmore goods too)

    How long have you traded using the Balance points & reversal magic ?

  2. #72
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    Smile Price reversal points

    Hi trademonster ,i have used mjp techniques for a year and a half .it has a high degree of accuracy. if you master triangulation and learn all the elements on balance points ,the imprints are always on the charts. i added the zigzag and the nonlag to help distinguish the bigger waves from the smaller waves all the remaining are confirmations.its been always price in relation to time.

  3. #73
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    Quote Originally Posted by kolapo View Post
    hi holychen and all members what i am seeing on the charts are triangles of different shapes creating a market geometry, i might be wrong, but all my tests shows that price reverses anytime we have a triangulation point.some call it waves some call it zigzagging.if you get 2point on a wave divide into 2 with mt4 trendline you can project here the next wave is going to turn.this is key to what i see on harmonic patterns.smaller waves within a bigger wave.mt4 zigzag gives the smaller waves ,non lag zig zag gives the bigger waves ,RM point gives .Demand and supply zones ,Harmonic pattern reversal zones can be validated with RM points. to know if you are correct or wrong. i attach the non lag and the RM point calculator.can some one comment on this if i am right or mistaking
    Attachment 268
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    Hi Kolapo,
    Would you be so kind and clarify exactly where the RM point is projected from? Is it horizontally to the right of the point 'C'? Your pdf shows it projected down at an angle.

    Cheers,


    Mike

  4. #74
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    hi blott what you are trying to do with RM point is projecting price again time.what you want to konow is you have point A,B and C as in the charts where would a reversal happen and in what direction. a video watch of mjp techniques explains how to do it.there are other elements that affect the calculations like gaps.watch the videos learn balance points, and you will see that we just have triangulation of different shapes on the charts.

  5. #75
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    Quote Originally Posted by kolapo View Post
    hi blott what you are trying to do with RM point is projecting price again time.what you want to konow is you have point A,B and C as in the charts where would a reversal happen and in what direction. a video watch of mjp techniques explains how to do it.there are other elements that affect the calculations like gaps.watch the videos learn balance points, and you will see that we just have triangulation of different shapes on the charts.
    Hi Kolapo,
    Thanks. Yes, I have points A, B, & C. I just want to confirm that point RM is extended horizontally right from point C, or at some other angle. I presume also that the RM value is measured in bars (daily, H1, M15 etc.)? I don't know of any videos; could you please let me have the link?

    Thanks.

  6. #76
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    hi guys can we all combine to put all we see as imprints on charts as balance points and the regular triangles its been very good on on most pairs with action and reaction sequence.i see unusual long bars 1/2 of it as balance points to project to 100%, i see gaps [not all] i see bar splits, i see mirror trends, i see flag patterns i see the usual and most common high target a low as zigzag, i see dojis these are the most common.blott please send a private.

  7. #77
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    Hi Kolapo and Foxy,
    I have read the thread twice now and was wondering if the purchase of the Parsons course with the videos was worth the investment. I have taken a number of trades based on Kolapo's initial indicators; with Float for confirmation to succesful conclusions: up for over 600 pips. I now need to make sure I wasn't just lucky.

  8. #78
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    its no fluke its called triangulation price against time, has anyone noticed the waves with the zigzag and the non lag together gives the perfect triangles. take a wave with the zig zag and the non lag superimposed, take the 50% ,cross reference form a previous non lag wave though the 50% point it will give you where the coming wave will turn round again.Goodluck

  9. #79
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    Quote Originally Posted by kolapo View Post
    its no fluke its called triangulation price against time, has anyone noticed the waves with the zigzag and the non lag together gives the perfect triangles. take a wave with the zig zag and the non lag superimposed, take the 50% ,cross reference form a previous non lag wave though the 50% point it will give you where the coming wave will turn round again.Goodluck
    kolapo,
    I really am confused. Could you please post a picture to explain the above statement. Thank you very much!!

  10. #80
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    for those that have watched the vids, parsons mentions on video 5 of the reversal vids, that this methodology has issues with the forex markets, why? because unlike a single commodity like corn we have two separate markets. ie we have two markets and so have two wave patterns to figure out. he does mention that we can use line charts to help and also other ways to filter the noise. but i wonder if this methodology is better suited to the commodities and indicies. What do you think Kolapo?

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